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MONEY With Melissa Francis

News/Business. Melissa Francis with a breakdown of the day's top stories and their impact on the American Taxpayer. New.

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01:00:00

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480

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Us 18, Sandra 10, Syria 10, Assad 8, Russia 7, Boehner 5, Jason Sadler 5, Nato 5, Israel 5, Google 4, Obama 4, Bob 3, Advair 3, U.s. 3, America 3, Ho 3, California 3, Jason Headsets.com 2, Assad Regime 2, Jason 2,
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  FOX Business    MONEY With Melissa Francis    News/Business. Melissa Francis with a breakdown of the day's  
   top stories and their impact on the American Taxpayer. New.  

    December 13, 2012
    5:00 - 6:00pm EST  

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liz: off the desk we ask this years tom earning woman in musing according to "forbes", britney? she took in a massive $58 million this year. david: thought she was so old time. i guess not. "money" with melissa francis is next. >> i'm sandra smith in for melissa francis tonight. we're going straight to breaking news of this hour. unexpected meeting between president obama and speaker john
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set to get underway. it was a day marked by growing pessimism over congressional leaders over the fiscal cliff. is this meeting a sign progress is quietly being made with both sides? rich edson is at the white house for us. rich. >> good evening, sandra. house speaker john boehner left the capitol building about 10 minutes ago. he will motorcade over here. he should be here in a short while to begin yet another meeting with president obama. the two had a phone call earlier this week. on the phone the house speaker said they made little progress. aides say over the last few weeks there has been little discussion, constructive discussion moving towards a compromise. this is yet another attempt to get something moving. the white house put an offer on the table. republicans called it a joke. house republicans put a offer on the table. white house said it wasn't serious. since then the two sides have not moved that much closer to one another. the white house wants immediate tax increase on families earning more than $250,000 through a tax rate
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increase. for republicans they want more detailed spending cut plan out of the white house before they agree to any revenue increases. that impasse has continued. when you talk about how this is going to game out, at least what you're timing is on this, sandra, you have to really start getting to a point where the two sides would agree to a framework, legislative framework next couple days if they will get anything done before chris has. -- christmas. you have to write the legislative language. that takes a few days. the house has a rule you have to have the legislation posted three days before they vote on it. the senate has a whole slew of maneuvers that can slow process down from 24 to 72 hours after the bill is introduced there. we're at point getting later in the year. house speaker john boehner coming to the white house and trying to break the impasse. i believe i see his motorcade coming up the driveway right now. back to you. sandra: let us know. if we can get him in the picture we'll show speaker boehner approaching the white house for the very important negotiation.
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it looks like we do have speaker boehner arriving at the white house as we speak for this important meeting with president obama. they will continue their discussions on the fiscal cliff. and it's look likely we could have some news later this hour, perhaps later in the evening. we're not sure how long the discussion will go. rich, thank you so much for joining us on this. you will be standing by for us this whole hour at the white house who. we'll be getting back to you with any breaking news we have from this meeting. the markets some say are being held hostage by these negotiations. i just counted. 18 days left in this year for these negotiations to come to a conclusion. we shall see. more news on this breaking news let's go to didn'tcratic congressman kurt schrader. thanks for joining us very timely. what do you think as we see speaker boehner coming to the white house to speak with president obama. what do you think will come
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out of this meeting? >> i hope some progress. as you indicated there has been precious little so far. they want to get the country back on a secure footing and get jobs growing in the country. hopefully they will be able to put together. sandra: congressman, its no longer differences between both parties right now. as late as today we're hearing there are difference within the parties themselves, whether republicans. by the way, this is live pictures of speaker boehner arriving at the white house right now. as we continue to watch that, sound like we have infighting within the parties themselves. whether it's the democrats caving on the spending side, on the entitlement side, or the republicans caving on the tax side. are you seeing that infighting in washington right now? >> well, infighting is probably a harsh word. if that is a definition we infight all the time around here. hopefully it is a healthy dialogue where everyone gets a chance to express themselves. .9 of representation in
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america for people to give their point of view. they feel they have been heard, even if they don't get their entire way. most people, are willing to comprise a little bit. that is what we have to have here, unfortunate tax increases to balance lance our budget and unfortunately entitlement reforms particularly on health care side so we don't have the debt as far as eye can see. hopefully the speaker and president will get there. the solution is pretty straightforward. sandra: it isn't straightforward because we have so much disagreement. maybe it is harsh to call it as infighting maybe tension. more than 100 conservative leaders including former presidential candidate rick santorum, saying gop congressman will be targeted if they make concession on tax hikes. that sound like tension to me. >> a lot of tension. both extremes are trying to set their goalposts to make it impossible for speaker
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boehner and president obama to negotiate. my words to my colleagues are, get over yourselves. there has to be a deal here at the end of the day. by end of the year we have to some sort of tax increases in place and some entitlement put on the table in terms of fixing the system. agree to do tax reform and enlightment reform over the next six months with huge sequester or huge tax increases as a consequence of not getting to the deal. i think that's very doable at this point in time. the elements are all there. we just have to rally around our leaders and agree to fix america, save america at this point, frankly, sandra. sandra: i'm curious what your specific experience has been so far as a member of the blue dog coalition? have you felt pressure from your mainstream counterparts in the democratic party to sort of toe the party line? >> no, i don't think i felt pressure to tow the party line. i think my caucus gives a lot of members of diverse points of view a lot of leeway to express themselves. i'm not sure i'm in a
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majority in terms of my viewpoint. the good news is i'm listened to. i would like to listen to them. out of that hopefully comes good agreements. both the speaker, mine nrt leader on our side of the aisle agreed we have to do revenues, we have to do entitlement reforms. it is just putting the right ones in place to get initial traction to avoid the fiscal cliff. i think it is a cliff, frankly at end of the year. and set stage for committees of jurisdiction to work out the entitlement reform that needs to happen, to preserve it for our kids and grandkids to have tax reform to make our nation's businesses more competitive to create jobs and grow the economy again. sandra: as a blue doing any republican congressman approached you and ask you to back them on their stance on the fiscal cliff? >> actually, believe it or not we have had a number of bipartisan meetings going on around the hill. we've had them going on last month ore two, increasing in intensity and frequency as republicans and democrats, moderate republicans and democrats work together to
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solve the problem that is where it is at. you don't elect us to be idealogues. we're not bloggers. we're statesman hopefully at the end of the day to solve the problem. if america wants to punish us for that, i don't they had they will, sandra. think they will reward us. sandra: congressman, some are arguing a bad deal could be worse than no deal in actually falling off the cliff. where do you stand on that? >> i don't think there will be a bad deal. we need, i think as both the president and speaker have said, at least $4 trillion in deficit reduction. part will come from revenues. part will come from spending reductions and or improvements. i think everyone knows the shape of the universe. i happen to be a big bowles-simpson plan. i think that framework, if not most of the particulars could be the solution going forward. cut the sequester in half. you do, 1.2 trillion in revenues. the rest in spending reductions, working to improven titlements, 6, $700 billion i think you have a pattern for getting this
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thing done at the end of the day. sandra: sounds very optimistic. a lot of us would like to see that get done and done as well. >> people deserve no less. thank you, sandra. sandra: thanks for joining us tonight. just as everyone is bracing themselves for the financial hit that comes along with this fiscal cliff some people in california are about to get sucker-punched by higher health care costs too. blue shield of california says they will be raising premiums by as much as 20% as a result of the increased costs associated with, obamacare. but here's the kicker. if that is not already. blue shield of california has $3.9 billion of cash already on hand. that is nearly three times more as they're required to v should they even be allowed to jack up their premiums this much? and will other insurers soon follow suit? to follow this we have the former president and ceo of
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intergirs health and author of the book, political malpractice. thanks for joining us tonight. >> thank you, sandra. sandra: my question, blue shield wants to raise rates by average of 12%. in some cases they will be raised 20%. could you call this the unintended condition sequences of obamacare? >> well it was certainly predictable. when you begin to add things which are favorable to consumers but perhaps very expensive to insurance companies you could expected the insurance companies to cover their bets. preexisting conditions, for instance, is a very favorable consumer item but it's like calling your homeowners policy and asking after the your house is being burned, can i get coverage? so we've asked the insurance companies to do things which are essentially unprofitable. i think what we're seeing here companies begin to cover their bets. sandra: so you say it was predictable but i know one argument will be obviously blue shield is a nonprofit organization. they have got, as we said,
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$3.9 billion in cash on hand. the minimum is 218 million. so they're well above the minimum threshold as far as whattthey're required to have on hand. are they allowed to do this? should they be allowed to raise their premiums by this much? >> well what we don't know is what went into their calculations. obviously they're trying to anticipate the normal rise in medical cost inflation which has been going up astronomically for the last 50 years, twice the regular rate of inflation. they're trying to anticipate all the new requirements under obamacare and i think particularly this may be a one-time effort. i think insurance companies may look at the present time and say, we better get all the people one increase we can get now because we we'll be under real restrictions later on. sandra: this is not good news as we face a fiscal cliff. a lot of folks face potentially higher taxes in the new year and higher health care costs.
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you're making reasoning behind this very simple. that is that their costs are going up. they're expecting an influx of new patients to becoming in. that leads naturally to the question do we expect others to follow in their footsteps? >> i think it is quite possible. judging what happens to blue shield, how beat up they get in the public media, what other insurance companies will do. we've already seen employers without insurance that are self-insured like wal-mart begin to do this. everybody is sort of covering their bet now, not knowing the impact of the new requirements under the affordable care act. sandra: so it's safe to say in the new year we could all face higher health care cost, is that reasonable? >> i think it is very predictable you should expect your premiums to go up as people try to respond to the unknown. sandra: thank you, sir. add that to the list of cost going up in the new year. thank you so much. for joining us. >> thank you, sandra. sandra: russia says all hope is likely loss for the assad
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regime in syria warning its collapse is near, almost imminent. now with the power vacuum suck middle east energy security into the chaos? we'll get answers next. plus didn't think the government could throw money away into the wind and out to sea at the same time? oh, how wrong you are. details on a big new venture backed, by yes, your tax dollars. more "money" come being up ♪
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sandra: is the syrian uprising taking a momentous turn? last threads of support for president assad looks to be unraveling. for the first time the russian government, one of assad's staunchest allies says the regime could fall. is this a sign the collapse is finally near and what does it all mean for middle east energy security? let's ask a senior naval analyst for the institute of study of war. thanks for joining us. >> sandra, a pleasure being with you. thanks for having me. sandra: at first glance it would appear there is a
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serious turn being made in the syrian uprising. >> well, first off let's recognize this is a war that's been going on for two years and there is a lot of actual victims here. 40,000 dead at least. perhaps even several million displaced. our hearts go out to them and our hearts are with them. it is always good to remember the actual human cost of warfare. with that said we've been hearing for quite some time assad is on the verge of collapse and he is still hanging on. this break by the russian government in its political support for assad, it is definitely important but i don't think that we can go from there to saying assad is on the verge of collapse. sandra: let me share with our audience some of those words that we are hearing from russia. the russian deputy foreign minister saying today, quote, unfortunately it is, impossible to exclude a victory of the syrian opposition. these are harsh words and it is a change in tone from syria's ally that we've heard in the past. how much of a game-changer
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this? >> what is important to remember russia's interest is not the interest of protecting assad the individual or alawhite regime in syria. russia's support is twofold. there are 100,000 russian passport holders in syria. there are 200 years of security relationship there and as a result of that there is about 100 russians living in syria. so russia's first priority to make sure their citizens or passport holders are safe. the secondary issue is the russian naval base at tartuse. it is entirely possible assad could fall and russia would be able to still protect its interests. up until now russia focused on maintaining assad in power. looks like they may be open to the possibility much protecting their interests without protecting assad.
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sandra: let's spin this forward. here are words from the nato secretary-general rasmussen. ayeing quote, urging al-assad to initiate a process to accommodate the legitimate aspirations of the syrian people. reading that i'm not sure exactly what that would entail. how do you see it? >> i see that as nato hoping for something that simply will not happen. the assad family has been in power for quite some time in syria. they have no intentions of leaving peacefully the fact of the matter there may not be an easy out for the assad regime. there may be nowhere for them to fall back to or escape to. because of the country's demographicses because how interwoven warring ethnicities tribes, religions, are, no easy answer for assad to engage from this. while everyone wants a peaceful solution i just don't see that as a viable outcome at this point. in terms of nato they're pushing very hard to protect the interests of turkey
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which is member of nato. they're pushing very hard to make sure that the violence doesn't spill over. that is one silver lining in this cloud of gray, that the violence in syria so far has not spilled over into jordan or turkey. sandra: that's a great point. the oil-rich nations around syria are perhaps more important than syria itself. the oil production from syria is rather insignificant and since all this started diminished very much over time to just 160,000 barrels a day but the surrounding nations obviously very crucial as they are key gateways for the oil to get to other places. >> yeah. absolutely, we've seen two major developments, three in fact. first syrian oil production peaked at 600,000 barrels back in the mid-'90s. fell to 400,000 barrels a few years ago. it is down below 200,000 barrels today. it is really insignificant in terms of world markets. sandra: right. >> what however is significant you've seen two
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major developments in israel. they found significant offshore gas fields. and second the israelis have done a fantastic job partnering with separate nations to spread their risk economically and guaranty those supplies in terms of security. so right now the tamara and leviathan gas fields are coproduced by israel and noble energy out of houston of the israel is cutting cypress and greece in on the deal. there was some confusion or some conflict as to who's exclusive economic zone these gas fields were in. israel got ahead of the conflict and cut greece and cypress into the deal so that they would be partnering with israel to exploit these fields rather than competing with israel. sandra: rapidly developing story. to put it in nato secretary-general rasmussen's words, i think now it is only a matter of time. so we'll continue to follow that story. thanks so much for joining us tonight, chris harmer.
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>> thank you, pressure sandra. pleasure to be here. sandra: handouts to the wind industry have gone so well so why not give them tens of millions more? notice sarcasm out there. they want to build a wind farm completely out ad sea. are think out to lunch? how rising temperatures are threatening to burr i the multibillion-dollar industry. that's coming up. do you ever have too much money? ♪ . copd makes it hard to breathe,
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♪ . sandra: the white house is at it again with its green dreams. since president obama took office the government has spent almost $100 billion
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developing clean energy and green jobs. now taxpayers are stuck pitching in 10 of millions of more, tens of millions of more into offshore wind projects. so what's stopping this from turning into another solyndra or a123 systems? to make sense of it all i'm joined by mark from climate depot.com. thanks for joining us. >> thank you, san draw. sandra: i will remind everyone about a123 systems because it is still in the news. it received $30 million in government support. -- $381 million. it was expected to create 3,000 jobs. it into bankruptcy. in a delaware bankruptcy court just ruled it to be sold to a chinese company. this is taxpayer dollars wasted. here we are, talking about investing more into another green energy company? >> by the way, on that china point, wind energy relies on precious metals, rare either
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metals and china is the chief production of that. some analysts say we'll be more reliant as we go more and more wind power, more reliant on the chinese mining industry to get rare earth metals that we need, rare earth metals. sandra: what are we doing here? the taxpayers have got to question this. this is their hard-earned dollars at work. the vetting process by the obama administration has not been all that great when investing in these companies. >> no. we've seen 80% of companies had ties with democratic donors with obama, connections, cronyism. wind produces 2.3% of the electricity. 1.3% of the global electricity. this is something that is, this was the, energy of the future back in the 1970s, 35 years ago. and it hasn't produced. every year they extend, not every year but extend the production tax credits for the wind power and the bottom line is, the wind
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power, always say prosperity is just around the corner. self-reliance is just around the corner. it doesn't happen. whoo we're seeing more and more money is poured into it to produce again, very tiny amounts of electricity, and in europe, we're seeing the green guru, james lovelock calls it the greatest folly on europe, relying on wind power to help base llad of electricity. denmark which people holds model, has not shut a single coal based plant or carbon based plant since they went all wind. sandra: easy to get emotional. so let's put facts. energy department under current administration spent $1.69 billion in loan guaranties for wind projects. >> yes. sandra: so far no offshore wind pardon me is operating today in american waters but yet we are now announcing tens of millions of more dollars being spent to do
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so. >> yeah. looks like first ones might go online in new jersey in 2013 or 2014. so it is still far away. even once you get it though, you still have all the other environmental issues from bird impacts, unsightlyness of it. it is intermittent power. all the money going into it, at the same time, we're shutting down coal and now the obama administration has announced its intent to go after natural gas tracking and shale oil -- fracking and shale oil because they need more regulations on it. so they will make that more expense system. we're going to energy much more expensive that has to have continued subsidies. the subsidies are determined through cronyism as we've seen through all the green energy. at last count about 37 companies at the last obama stimulus in 2009 into green energy were either belly-up or declared bankruptcy or losing jobs. the at current rate we're going with these new credits coming out it will be $327,000 per wind energy
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job. that is taxpayer supported. that is how much it will cost for these alleged jobs that this is going to bring. sandra: do we see -- we have to leave it there, but do you kbebt to see any return for the taxpayers on this investment? >> is the fast -- past is any indicator, no. this is something where wind is not producing what it needs to be in order to justify it. sandra: you don't have to disagree with the wind energy argument. you just don't need to fund it. you let private business get in there if they see it as profitable business. that is the point. we're not disagreeing with the wind energy but let it happen organically. >> the problem they're mandating it ahead of technology and trying to subsidize it ahead of the technology. it is not there. something that is not ready for prime time. sandra: mark, thanks for joining us. >> thank you. sandra: time now for today's fuel gauge report. crude prices snapping a two-day winning streak fueled by increasing pessimism over the fiscal cliff. oil futures settling down
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about 1% at $85.89 a barrel. natural gas futures fell for the sixth straight day. unexpectedly high inventories and persistent mild weather helped drive that decline. after a one-day delay, solarcity made its public debut. shares skyrocketed first trading day. the solar panel installer, raised $92 million in the ipo the number was far below the initial goal of $151 million. the united kingdom is lifting a ban on tracking it impose last year. production was halted after two minor earthquakes were linked to the fracking site in northern england. they said government controls will help reduce the risk of seismic activity caused by fracking. the ski industry is on thin ice. barely a snowflake found at many resorts across the country. how businesses and thousands of workers are bracing for a very long winter.
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that's next. remember jason sadler? the guy leasing his name to the highest bidder, yes his name. the auction is over and his new name, well that is absurd. but when you hear what he is getting paid for it you will probably want to lease your name too. jason joins us with details next. "piles of money" coming up. ♪ you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®.
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♪ . sandra: the u.s. ski industry is heading downhill. a new study reports the winter tourism industry experienced an estimated one billion dollar loss over the past decade, due to, climate change. with the u.s. on track to have the warmest year in its history, the ski industry is being dealt another brutal blow. joining me is bob dean from the national resources defense council. one of the groups behind that particular study. bob, thank you. welcome to the show. >> thank you, sandra. good to be here. sandra: so let me get this straight. you're blaming the warm winters, lack of snow on climate change? >> absolutely. you mentioned sandra, we're on track as of end of the november we had the hottest year on record in this country. 3.3 degrees hotter than the 20th century average. it hurt our farmers and ranchers, devastated worst drought in 50 years.
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fires detroit nine million acres of forest and fields. we'll seeing it on the ski slopes. climate change for the slopes means less snow on the ground, feuder skiers on the slopes. if you make your living in the business, less money in the wallet and paycheck. sandra: one might question that reasoning behind this and say a billion dollar loss for the industry over the past decade. your study says 27,000 jobs have been lost. i might remind you hey, we've been in a brutal recession. we're slow coming out of it. it might be the weak economy driving a lot of tourists away from these destinations? >> that would be sound reasoning, sandra. that is why the economists looked at this looked at correlation between fewer snow days and lower number of skiers on the slopes. these skiers pay $141 a day to be out there on the slopes. that is about what their total spending is. so when they're staying home because after shortened season up front and shortened season out back and less snow on the ground in between that hurts. >> one can agree there has been some volatile weather
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environments and i'm curious what areas of this country have been hit hardest by these warmer temperatures or lack thereof of snow? >> absolutely. you look at colorado right now. it's tied to heat rand drought. denver last month had one fifth of its normal rainfall. what that means there is less water out there, less moisture in the creeks and rivers. less snow pack and snow melt. up in the northeast we've been hurt. half the snow we normally get. look at aspen right now. 2/3 of the slopes are closed hey it is the middle of december. vail, three quarters of the slopes are closed. killington, vermont, three quarters of the slopes closed. we're in middle of december. sandra: i got back from one. i was monitoring a panel out that way, in colorado. there was lack of snow. that is the prime time you want tourists show up. what you to do? like all businesses an industry you hhve to come prodate to changing environments. how do you lure customers
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through the door even without their skies? >> san drashgs short term and long term. without your skis you turn to bike paths. a lot of people like to go mountain biking. you turn to hiking. take people on beautiful alpine slopes when there is not slope. you may have to reduce rates to do it. at end of the day it is about sking, ski slopes. we need snow. snow is currency for these folks. at that's what we need. long term we have to go after the carbon pollution warming planet. we have to go after power plants. we have to invest in renewable and solar and wind efficiency. sandra: i don't want to dive too much into the climate change argument, what i want is to know the solution? you have to open the doors late. there are other extracurricular activities you can do, and ride bikes. you have to change as industry whole, if this is climate change causing this you have to adapt and change for the long term. saying hey, there is a bike trial i don't know if that
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will cut it. >> for so many, sandra, you're right. for so many the sad truth is the prognostications are we warm 10 degrees next century, 50 years, over half the ski slopes in new hampshire will be gone. massachusetts and connecticut will be out of the ski business completely. you can only adapt so much before you say the revenue is not there to keep the doors open. sandra: what are your forecasters telling you now about the coming year? obviously we just had, last winter was the fourth warmest on record since 1896. things should get better from that, right? >> well we sure hope so but we're looking at the long-term trend. when you look at climate change you can't predict individual weather patterns over the next week or the next month. we're looking at the long-term trend. up fortunately as you mentioned we're working on the first 11 months of this year are the hottest on record in the united states. we have to go after the problem the problem is industrial carbon pollution.
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we have to strike a blow against climate change. sandra: we have to leave it there, bob but i'm wondering, can't we just keep making snow? can't we put snow on those mountains you know? it is expensive i know. >> it's expensive. half a million dollars a year on average for a ski resort to make its own snow. you get a warm day and it melts. sandra: bob, thank you so much for joining us tonight. >> thank you, sandra. sandra: he is jason sadler of jacksonville, florida. no more. sadler has found a tenant to lease his last name for an entire year. it is so insane, you guys, i have no idea how he will get through security at airports. you will want to hear this. at least he will be drying any tears with wads of cash. he returns to "money" to walk us through what is next ahead in his life. at the end of the day it is all about money. ♪ . it a new day.
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♪ . sandra: earlier this month the founder of i wear your t-shirt.com joined melissa to explain how he was
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putting his last name up for auction, yes, his name. that's right, jason sadler is renting his name to the highest bidder for an entire year. the bidding ended last night at midnight. we brought him back for a "money" update. the man formerly known as jason sadler joins me now. jason. >> thank you for having me. i appreciate it. sandra: so what is your new name, sir? >> my new name is jason headsets.com. sandra: where does that come from? >> that is the company who apparently been around since 1997. they're the number one retailer of headsets in the u.s. so headsets.com is now my new last name. sandra: brilliant. how did the auction end last night? >> it was crazy. there were a fluor i of bids that happened in the last who have hour between this company and another one called pain up.com. head sets.com put in the final bid and final bid won it.
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sandra: how much was it? >> $45,500. sandra: that goes to you? >> it goes to me and cutting a check immediately for $4500 of it to go a nonprofit called cheerful givers who give kids presents who can't have them on their birthday. giving 10% to charity. the rest will be reinvested in my business. sandra: very good. looks like you had 25 companies that made 35 total bids. you turned down a few which is interesting. >> i did. sandra: you didn't want to represent those companies. >> yeah. had some stuff wouldn't have been mom or grandma approved. i like to live my life that way, so. sandra: what do you do now? sorry, what are they going to do now with this name? >> yeah. it's been really awesome to deal with headsets.com. i've been getting e-mails a bunch of people. they put me in the newsletter that went out. they sent me a copy which is cool. i'm going to the courthouse in florida. do fingerprinting and submit my last name to change it on
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january 1st. they're thinking of ideas to keep this ball rolling of thai new name being my last name. sandra: subletting your name. give me an idea, use examples. what are they going to do with it? >> yeah. we've already been kind of talking about maybe doing some speaking stuff. maybe doing some other stuff that involves their name and me. i have tons of marketing ideas we've just been waiting to do. i think they're a company that has the budget to execute some of this really crazy stuff, obviously renting my name for a year. i'm looking forward to it. my name on social media will change everywhere. i will still have the i wear your shirt duties. people are giving me a hard time on fast bike that i haven't changed it fast enough yet. sandra: okay. are you going to do this again, good question? you're making a lot of money doing it. i'm still kind of confused. >> i know. it's crazy. it's really great exposure. obviously if i'm sitting on the show that means people are talking about it which is cool.
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next year i don't have a name i'm looking forward to change it too so why not try it again. it will be pretty awesome. sandra: go after it. you're pretty successful at it. jason sadler, thanks for following up with that crazy story. >> jason headsets.com. sandra: you got it. you owe us a few bucks now. >> thank you. sandra: you know when you're watching commercials suddenly the sound gets unbelievably obnoxiously loud like that and barely hear yourself think. you are suffocated by tsunami of useless blather from the tv set and can't find remote to silence it. finally quiet. all things to congress. we have big news for you. they may have finally done something right. that's next. you can never have too much money. ♪ and we can save you 10% on ground shipping over the ups store.
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look this isn't my first christmas. these deals all seem great at the time... but later... [ shirt ] merry christmas, everybody! not so much. ho ho ho! this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >> this is a test
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sandra: today we are joined by mercedes calling and our very own david asman joins us tonight. first up we have some good ones for you.
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a new law goes into effect today delorme commercials much quieter. the congress finally do something right here? >> my goodness, of course, you have a remote in your hand and adjust the volume. >> unbelievable. suddenly, it is the equivalent of a bomb. we are scrambling for the remote. my i have said about this bill? i think this might be the beginning of the fed's -- [talking over each other] >> for cable companies. you know? >> they look to push other power grid i think this might be an example of that. watch out. [talking over each other]
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sandra: i like this one. moving on, toys for for tots is a well-known organization that gives underprivileged children present for the holidays. now, one arizona woman is hosting toys were tata's. they are entered into a raffle drawing to get free breast implants. do you think this will entice more women? [laughter] [talking over each other] >> only a former trader with a commodity experience in the united states could say that with a straight face. my son, he was a marine and he ran the toys for tots in southern california. anything that will bring more toys i am in favor of. >> are you kidding me? [talking over each other] >> i think they will donate without the tata's.
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sandra: all of these women are lining up. it is amazing, really. okay, i am with david, whatever entices them to give to the children. here is another one. it has been a long and difficult road for apple. but google is back on the iphone again. google maps has been heavily criticized. google maps are new and improved with term by term directions. when you guys think? this was the one thing when the new bone came out, he said why did they do that? >> i am still a blackberry girl. what about this google maps. >> one of the disasters was -- they were asking people in australia who wanted to go to a particular city, sending them into the desert. [laughter] they could've had a lot of
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losses, i don't own an iphone. i do own apple stock. i figure they get it right this time. it's been a huge hit. the stock is down from 700. [talking over each other] [talking over each other] sandra: all right, here's another one. last night at 12 national 12 -- though 12 mccartney played the role of kurt cobain. courtney love was not excited about that. what did you think about this performance? >> kurt cobain is